Feroze 1888 Mills Ltd. announced Financial Results for the period ended June 30, 2017.
The company reported an increase of 1.82% in Net Sales for the period ended June, 30 2017, whereas reported a 35% decline in Profit after Tax.
The company reported an Earnings per share of Rs. 6.61, down by 35% from same period last year.
The board has recommended a final Cash Dividend for the year ended June 30, 2017 @ of 17% amounting to Rs. 1.70/share. This is in addition to the interim dividend already paid at 10% of Rs. 1.00/-. The board issued no bonus or right shares.
Comparison of Key Financials
Unconsolidated Profit and Loss Account – For the Year Ended
Key Financials
2017
2016
% Change
Amounts in PKR ‘000
Net Sales
20,023,227
19,664,897
1.82%
Cost of Sales
15,985,135
14,101,297
13.36%
Gross Profit
4,038,092
5,563,600
-27.42%
Expenses
1,516,361
1,449,890
4.58%
Operating Profit
2,521,731
4,113,710
-38.70%
Finance Cost
72,031
81,659
-11.79%
Profit before Taxation
2,449,700
4,032,051
-39.24%
Taxation
39,977
221,968
-81.99%
Profit after Taxation
2,489,677
3,810,083
-34.66%
EPS – Basic & diluted
6.61
10.11
-34.62%
Company release on Earnings Report can be accessed here.
